Home » » Use the following to answer the given question:$$\begin{array}{c|c} & ₦ \\ \hline sales & 45,000 \\ \text{Opening stock} & 20,000 \\ \text{Closing sock} & 30,000 \\ Expenses & 15,000 \\ \text{Fixed assets} & 40,000 \\ Debtors & 10,000 \\ Creditors & 5,000 \\ Purchases & 25,000 \end{array}$$Gross profit percentage is...

# Use the following to answer the given question:$$\begin{array}{c|c} & ₦ \\ \hline sales & 45,000 \\ \text{Opening stock} & 20,000 \\ \text{Closing sock} & 30,000 \\ Expenses & 15,000 \\ \text{Fixed assets} & 40,000 \\ Debtors & 10,000 \\ Creditors & 5,000 \\ Purchases & 25,000 \end{array}$$Gross profit percentage is...

### Question

Use the following to answer the given question:

$$\begin{array}{c|c} & ₦ \\ \hline sales & 45,000 \\ \text{Opening stock} & 20,000 \\ \text{Closing sock} & 30,000 \\ Expenses & 15,000 \\ \text{Fixed assets} & 40,000 \\ Debtors & 10,000 \\ Creditors & 5,000 \\ Purchases & 25,000 \end{array}$$

Gross profit percentage is

A) 100%

B) 67%

C) 50%

D) 33%

E) 22%